Sage Investment Counsel LLC Makes New $707,000 Investment in Howard Hughes Holdings Inc. (NYSE:HHH)

Sage Investment Counsel LLC bought a new position in shares of Howard Hughes Holdings Inc. (NYSE:HHH - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 9,195 shares of the company's stock, valued at approximately $707,000. Howard Hughes comprises 0.9% of Sage Investment Counsel LLC's portfolio, making the stock its 28th biggest holding.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Proficio Capital Partners LLC lifted its stake in shares of Howard Hughes by 143.3% during the 4th quarter. Proficio Capital Partners LLC now owns 35,376 shares of the company's stock worth $2,721,000 after purchasing an additional 20,836 shares during the period. Bank of New York Mellon Corp lifted its position in Howard Hughes by 5.0% during the fourth quarter. Bank of New York Mellon Corp now owns 111,834 shares of the company's stock worth $8,602,000 after buying an additional 5,356 shares during the period. Impax Asset Management Group plc boosted its stake in Howard Hughes by 157.4% in the 4th quarter. Impax Asset Management Group plc now owns 257,393 shares of the company's stock worth $19,799,000 after buying an additional 157,393 shares during the last quarter. Wolverine Asset Management LLC boosted its position in shares of Howard Hughes by 122.3% in the fourth quarter. Wolverine Asset Management LLC now owns 6,624 shares of the company's stock worth $510,000 after acquiring an additional 36,300 shares during the last quarter. Finally, O Brien Greene & Co. Inc boosted its holdings in shares of Howard Hughes by 10.5% in the 4th quarter. O Brien Greene & Co. Inc now owns 15,805 shares of the company's stock valued at $1,216,000 after purchasing an additional 1,500 shares during the last quarter. 93.83% of the stock is owned by hedge funds and other institutional investors.

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Howard Hughes Trading Up 1.2 %

HHH stock traded up $0.92 during trading on Wednesday, reaching $77.66. 428,396 shares of the stock traded hands, compared to its average volume of 535,336. The business's 50 day moving average price is $76.00 and its 200-day moving average price is $77.44. The firm has a market capitalization of $3.91 billion, a PE ratio of 51.43 and a beta of 1.48. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.08 and a quick ratio of 1.08. Howard Hughes Holdings Inc. has a 52-week low of $59.00 and a 52-week high of $87.77.

Howard Hughes (NYSE:HHH - Get Free Report) last posted its earnings results on Wednesday, February 26th. The company reported $3.25 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.85 by $0.40. Howard Hughes had a net margin of 6.57% and a return on equity of 3.38%. The firm had revenue of $983.59 million during the quarter, compared to the consensus estimate of $949.18 million. As a group, sell-side analysts forecast that Howard Hughes Holdings Inc. will post 3.7 earnings per share for the current year.

About Howard Hughes

Howard Hughes Holdings Inc, together with its subsidiaries, operates as a real estate development company in the United States. It operates in four segments: Operating Assets; Master Planned Communities (MPCs); Seaport; and Strategic Developments. The Operating Assets segment consists of developed or acquired retail, office, and multi-family properties along with other retail investments.